500 Eastern Avenue, New Lexington, OH 43764
Fi Rst Add · Perry County
Key Facts
Description
For sale in New Lexington, Ohio: a fully renovated 3-unit property offering an exceptional income-generating opportunity. This turnkey investment includes a duplex and a charming rear cottage-style unit, each with its own distinctive character. Renovated just two years ago, all units feature brand-new HVAC systems, modern finishes, and updated utilities. With a strong rental history, all three units have been continuously leased since the renovation, and three active leases are currently in place. Side A of the duplex will become available at the end of August, presenting a perfect chance to re-rent for additional income or occupy as an owner-investor. Each unit is individually metered for gas, water, and electric, simplifying expense management. The property spans two parcels—one for the duplex and one for the cottage—offering flexibility for future development or resale. Located near schools, a public park, basketball court, and swimming pool, this property is highly attractive to families and long-term tenants. Move-in ready and poised for steady cash flow with potential for growth, this is a must-see for serious investors. Schedule a showing today!
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1991
Stories
2
Living Area
2,500 sq ft
Lot Size
0.15 acres
Days on Market
213
MLS® Listing#
5149912
Property Features
Interior
Appliances
Cooling
Heating
Basement
Pool
Parking
Laundry
Fencing
Lot Features
Construction
Roof
Windows
Community
Sewer
Water Source
Financial Details
Annual Taxes
$1,238
Tax year 2024
Parcel Number
270003010000
Directions
Mill Street to Orchard Ave to Eastern Ave
Affordability Calculator
$59,400
Estimated monthly payment
$1,581/mo
Principal $237,600 · Est. interest $331,473 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Lexington, OH
- $309,091
- Median Listing Price
- 33
- Median Days on Market
- 1,840
- Median Sq Ft
- $154
- Median Price / Sq Ft
- 79
- Active Listings
- This home’s price is 4% below the area median.
- Its price per sq ft is 23% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Lexington, OH.
Location
Points of Interest in New Lexington, OH
Showing the New Lexington area map.
Nearby Schools
Little Learners Pre School II
School · 0.4 mi away
St Rose School
School · 0.5 mi away
New Lexington Elementary School
Elementary · 1.1 mi away
New Lexington Middle School
Secondary · 1.1 mi away
New Lexington High School
Secondary · 1.3 mi away
Junction City Elementary School
Elementary · 5.5 mi away
Crooksville Elementary School
Elementary · 6.0 mi away
Crooksville High School
Secondary · 6.0 mi away
Somerset Elementary School
Elementary · 8.4 mi away
Millcreek Elementary School
Elementary · 8.9 mi away
Southern Local School District
School · 8.9 mi away
Miller High School
Secondary · 8.9 mi away
Franklin Local Community School
Secondary · 9.0 mi away
Franklin Local School District
School · 9.6 mi away
Roseville Elementary School
Elementary · 9.6 mi away
Morgan West Elementary School
Elementary · 10.8 mi away
Sheridan Middle School
Secondary · 12.1 mi away
Sheridan High School
Secondary · 12.2 mi away
Bremen Elementary School
Elementary · 12.4 mi away
Fairfield Union Local Schools
School · 13.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 66 W High Street, New Concord, OH | $219,900 | 5 | 2 | 3,095 |
| 5261 Dailey Road, New Franklin, OH | $339,000 | 5 | 4 | 1,695 |
| 180 Montgomery Boulevard, New Concord, OH | $340,000 | 5 | 3 | 2,648 |
| 1740 W Comet Road, New Franklin, OH | $350,000 | 5 | 3 | — |
Moving Cost Estimate
EXIT Agents in New Lexington
Listing Courtesy: Ohio Broker Direct - 614-989-7215, joan@ohiobrokerdirect.com
Last Updated: 2025-08-22